By In the North East, house prices are up by 0.1% in the month and 5.8% on the year making the North East the fastest growing area in England
The next best being 2.3% so the North East is growing at almost 2.5 quicker than anywhere else in the UK.
The average days to sell has declined from 60 days to 55 days showing the relative strength of the market.
Momentum continues in the spring selling season with more buyers, sellers and agreed sales than last year. However the market remains price-sensitive, while higher than anticipated mortgage rates and long completion timeline pose additional challenges.
๐ก๐๐จ ๐๐ผ๐บ๐ฒ๐' ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ถ๐ฒ๐ ๐ณ๐น๐ฒ๐ ๐ผ๐ณ๐ณ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ถ๐ป ๐ฎ๐ป ๐ฎ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐ผ๐ณ ๐ฎ๐ฌ ๐ฑ๐ฎ๐๐.
39 ๐ฑ๐ฎ๐๐ ๐พ๐๐ถ๐ฐ๐ธ๐ฒ๐ฟ ๐๐ต๐ฎ๐ป ๐๐ต๐ฒ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฎ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ!
Join us in making 2024 a fantastic year for the North-East property market!
Contact us today to discuss what this means for your property!
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